Panther Metals (LON:PALM) Trading Down 12.8% – What’s Next?

Panther Metals PLC (LON:PALMGet Free Report)’s stock price fell 12.8% on Wednesday . The stock traded as low as GBX 75 ($1.00) and last traded at GBX 75 ($1.00). 135,500 shares traded hands during trading, an increase of 222% from the average session volume of 42,020 shares. The stock had previously closed at GBX 86 ($1.15).

Panther Metals Price Performance

The company has a debt-to-equity ratio of 13.52, a quick ratio of 1.47 and a current ratio of 3.12. The company’s 50 day moving average price is GBX 86.07 and its 200-day moving average price is GBX 63.14. The company has a market cap of £4.38 million, a price-to-earnings ratio of -131.68 and a beta of 1.19.

Panther Metals Company Profile

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Panther’s strategy is disciplined and different: Totally focused in the tier one jurisdiction of Ontario, Canada.

Cash flow pathway — Winston tailings contain gold and silver with strong gallium credits. Processing is low-capex and straightforward; permitting is the next milestone. Once in place, Winston provides a near-term route to revenue with exposure to both precious and critical metals.

Exploration with production cash — That cash will fund drilling across:

Wishbone (Obonga) — a new VMS system with multi-percent zinc intercepts and Mattabi-scale potential.

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